WENNERSTRUM, Justice.
Plaintiff brought an action in equity wherein he sought to have canceled certain shares of stock issued to the defendants Evelyn Runkel Moore and Helen E. Helble by the Iowana Farms Milk Company, a closely held corporation. He claimed there was issued to these defendants stock in excess of their pre-emptive subscription rights of an authorized issue and also asked that it be decreed that plaintiff is entitled to exercise his pre-emptive right...
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